SIG reports strong growth and cash generation

Date 02.26.2019 | Category: News
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SIG Onex IDM Nov

Full year 2018 highlights

• Core revenue up 6.4% at constant currencies to EUR1.64bn

• Adjusted EBITDA margin increased to 27.5%

• Significant increase in adjusted net income to EUR149m (2017: EUR106m)

• Strong cash flow generation: adjusted free cash flow EUR257m (2017: EUR202m)

• Proposed dividend of CHF 0.35 per share to be paid from capital contribution reserves


Said Rolf Stangl, CEO of SIG: "In 2018 we successfully continued our growth strategy and achieved core revenue growth of 6.4% at constant currencies, slightly exceeding our target range of 4-6%. We saw growth across our global footprint and are reaping the rewards of our steady expansion into markets outside Europe, where growth in aseptic carton packaging is being driven by mega-trends including demographics, rising disposable income and urbanisation. The Asia Pacific region in particular delivered a strong performance during the year, with robust growth in the liquid dairy segment and growing demand for premium products.


"Our broad international presence continues to provide us with promising growth opportunities. These opportunities come with exposure to currency fluctuations, which in 2018 dampened growth in adjusted EBITDA. At constant currencies, adjusted EBITDA increased by 8%. The adjusted EBITDA margin increased to 27.5%, reflecting a positive business mix and ongoing cost efficiency measures. We achieved a significant increase in adjusted free cash flow, while continuing to expand our filler base in growth markets.


The cash generative nature of our business underpins our intended mid-term dividend pay-out ratio of 50-60% of adjusted net income. For 2018, we are proposing a Swiss franc dividend pay-out in 2019 equivalent to around EUR100m."


The full invitation for the Annual General Meeting, including all agenda items, is expected to be published on 19 March in the SHAB (Schweizerisches Handelsamtsblatt) and on the website of SIG at:


Source: SIG
Author: COX
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